BP finalises deal with Iraq to redevelop Kirkuk oil fields
26th Mar 2025 12:45
(Sharecast News) - Oil major BP has finalised a deal with Iraq to redevelop several giant oil fields in Kirkuk, in the north of the country, the company said on Wednesday.
Read moreRussian president backs ceasefire proposal, but calls for 'enduring peace'
13th Mar 2025 17:12
(Sharecast News) - Russian President Vladimir Putin said that he agreed with the proposal to stop the hostilities, but that it should lead to long-term peace and eliminate the original roots of the crisis.
Read moreSunday newspaper round-up: BP, Defence, Tesla
9th Mar 2025 12:24
(Sharecast News) - Hedge fund Elliott wants BP to let go its petrol stations and move aggressively to improve its performance. BP management is preparing for a push in that regard by the activist investor. Elliott has already expressed its dissatisfaction with BP boss, Murray Auchincloss's move away from green projects and £10bn in additional investment in oil. - The Financial Mail on Sunday
Read moreLondon close: Stocks rise as investors look to Nvidia earnings
26th Feb 2025 15:04
(Sharecast News) - London stocks ended higher on Wednesday, with investors maintaining a cautious yet positive stance ahead of Nvidia's earnings release in the United States later in the global day.
Read moreBP slashes green spend, ups fossil fuel investments in strategy 'reset'
26th Feb 2025 10:08
(Sharecast News) - BP is to slash its investments into low-carbon and alternative fuels and raise its spending in oil and gas as part of fundamental "reset" to its strategy, the energy giant revealed on Wednesday, causing shares to drop into the red.
Read moreBP to abandon renewables targets - report
24th Feb 2025 12:34
(Sharecast News) - BP is set to abandon its target of increasing renewable energy capacity 20-fold by 2030, it was reported on Monday, shifting its focus back to fossil fuels in response to investor pressure.
Read moreSunday newspaper round-up: Trump crash, BP, Rolls Royce
23rd Feb 2025 14:07
(Sharecast News) - The curious calm that has settled over global markets belies the fact that global politics are in a state of chaos. First there is America's U-turn on its Ukraine policy, followed by the threat of a trade war between Washington and nearly all its trading partners, and the prospect - perhaps - of the US slashing its budget deficit. Yet the only big movement in financial prices has been in the price of gold. That may be because we are at a "wait and see" moment. Global wealth managers are like rabbits transfixed in the headlights of a car, fearing that they might jump in the wrong direction. This calm won't last. I fear there will be a Trump crash, and investors should prepare by spreading their risks. - Financial Mail on Sunday
Read moreLondon close: Stocks slip as US jobless claims rise
20th Feb 2025 16:06
(Sharecast News) - London equities ended lower on Thursday as investors reacted to a higher-than-expected rise in US jobless claims and a decline in UK consumer confidence.
Read moreRosneft optionality makes BP 'prime ceasefire beneficiary', says JPMorgan
20th Feb 2025 10:55
(Sharecast News) - JPMorgan Cazenove upgraded BP on Thursday as it took a look at EU oil and gas stocks and considered the implications of a Russia/Ukraine ceasefire.
Read moreLondon close: Stocks slip as UK inflation tops forecasts
19th Feb 2025 16:05
(Sharecast News) - London's financial markets experienced declines on Wednesday, influenced by an unexpected rise in UK inflation and underwhelming corporate earnings.
Read moreBP considering sale of lubricants business - report
19th Feb 2025 08:27
(Sharecast News) - BP is reportedly considering a potential sale of its lubricants business.
Read moreLondon close: Stocks mixed on US tariffs, Mann comments
11th Feb 2025 15:45
(Sharecast News) - London stocks closed mixed on Tuesday after the FTSE 100 touched fresh record highs, as investors weighed the implications of US president Donald Trump's latest tariff comments and remarks from Bank of England policymaker Catherine Mann.
Read moreBP swings to Q4 loss, announces fresh $1.75bn share buyback
11th Feb 2025 07:29
(Sharecast News) - BP reported a fourth-quarter loss of $1.96bn in an update on Tuesday, swinging from a profit of $371m in the same period a year earlier.
Read moreLondon close: Stocks rise after Trump announces 25pc steel tariffs
10th Feb 2025 16:11
(Sharecast News) - London stocks ended higher on Monday as investors shrugged off US president Donald Trump's latest tariff announcement, of a 25% duty on steel imports across the board.
Read moreActivist fund Elliott takes stake in BP - reports
10th Feb 2025 07:22
(Sharecast News) - Activist investor Elliott Investment Management has acquired a significant stake in BP, it emerged over the weekend, adding pressure on the British oil major to reassess its strategy after years of underperformance.
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